The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-04-27
CONDITION OF THE MARKETS
The "Bull" Leaders Not Ready for a
Further Advance in Prices of Wheat.
Light Receipts and Heavy Exports of Corn
Cause Firm Feeling-0ats Dull and
Featureless-Little Interest in Pork.
MONEY, BONDS AND STOCKS.

The Market Shows Considerable Weakness
and Nearly Everything Is Lower
NEW YORK, April 2G.-Money on call was
easy ranging from Al q per cent. closing al
04I per cent.
Prime mercantile paper, ga 5aper cent.
Sterling exchange was dull and steady at
s4.s6i s6s for sixty-day bills, and 81. S7a0
f. 883 for demand.
The total sales Of stocks to-day amounted to
1856, 1927 shares, including the following: Della
ware, Lackawanna & Western Is, 500; Erie.
%, $40; Lake Shore, ii, 100; Missouri Pacific,
3,001; Northwestern, "a, 700. New Jersey Cen
trail, 4,240; Oregon Transcontpental. 6 400
Pacific Mail, 4,20O; Reading 60 GOO; St. Paul,
1880; Texas Pacific third assessment paid).
5,4oo; Union Pacific, IL, $50; Western Union,
1882
The stock market to-day was again weak, and
further material declines were established in
almost everything on the active list. The news
Of the day was meagre but generally of char
acter to depress values The chief disturbing
influence was New England. which suffered
further loss early in the day. London was
seller, especially of Louisville & Nashville. and
considerable long stock from weak holders came
upon the market. After the meeting of the
New England directors, which proved to be har-
monious, there was a rally all around upon ex-
tensve covering Of ''shorts.' The improvement
encouraged buying by the bulls" and the
highest prices of the day were reached some
time before the close. The transactions in New
England. though still unusually large, showed a
marked falling off from those of yesterday. 1t
opened at 57a, and before . noon had
declined to So, from which point it
slowly recovered and touched $50 in the
last hour There was liberal realization
of profits by traders toward the close. and ANAL
prices were materially below the best of the day.
There was good buying in Western Union, but
1t closed weak. Louisville & Nashville was sold
literally for foreign account. and at no time in
the day did it display any frmness The coal
stocks, with the exception of Jersey Cen tunl. dts
played considerable frmness, while the remain
der of the list were generally heavy most Of the
day. Il 4E's
The market was heavy at the opening and
continued weak until nearly noon. A general
rally then occurred. and IN some cases the early
losses were regained but in the afternoon the
general market was dull and stagnant and little
progress was made in either direction until after
P. NJ, when the selling was again renewed, and
the market closed active and weak, in most cases
at figures the lowest of the day. Sales, 1856, S27
shares Reading furnished 60, 600; New England
54.525; Western Union, 81. 1872; Louisville d
Nashville. 1850, and Richmond & West Point
70, 705. Hooking Coal gained IL per cent. Lou
isville e Nashville is off IL Richmond 81 West
Point, IL Union Pacific and Western Union, /;
Reading, 1t; Jersey Central, IT,
Railroad bonds were moderately active and gem
orally heavy weak Sales 81, 32S. 000 Erie fours
lost 2, to lis; Union Pacific collateral trusts 2,
to 1914 and Mobile & Ohio first debentures Al,
to g.
Government and State bonds were dull and
heavy. Closing quotations We're: